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20110725
20110725
Search Results 0 to 7 of about 8 (some duplicates have been removed)
party support and served as a captain in the air force, including tours in afghanistan and iraq. congressman, welcome very much. >> thanks. >> happy to have you. and welcome to everyone. doris, sometimes satire can be the most damning in terms of summing up where we are. "the onion" newspaper has this headline this week -- "congress continues debate over whether or not nation should be economically ruined." if the question is whether washington is broken, make the case that the answer is yes. >> i think there's no question it's broken. you know, our country was created on the principle of compromise. think about it. the states versus the federal government, senate versus house, north versus south. and i remember once, one of the old framers was asked, what is the three principles of this new government you've created? well, the first is compromise, the second is compromise, the third is compromise. something's happened where compromise has become a terrible word in washington. it's partly because the parties have become more ideologically separated. henry clay was the great comp
is going to count winding down the war in afghanistan as a substantial part of the savings. that could be worth about $1 trillion over 10 years. meanwhile, john boehner is working on his own deficit- reduction debt limit increase plan. he would take -- that plan would be affected in two stages. the first would be $900 trillion or so deficit reduction package, spending cuts, paired with roughly equal amount in debt limit increase. then he would empower a special committee to find an additional $1.60 trillion to authorize or trigger another increase in the debt ceiling. the problem with this proposal, however, it would require raising the debt ceiling by the requisite $2.40 trillion amount into the stages. that is something the president and democratic leaders after yesterday's said is a nonstarter. they say it would create too much uncertainty for the marketplace and the economy if this process had to be replaced at the beginning of next year or summer of next year. >> the house republicans made their own at last it with a cap and balance plan that did not make it to the senate. the pre
Search Results 0 to 7 of about 8 (some duplicates have been removed)